NEST (National Employment Savings Trust) is one of many pension schemes that you can use to auto-enrolment employees. Once you are activated with NEST, you can create a scheme in Access Payroll. To do this, follow the sections below.
📌Note: If you have more than one NEST group or use multiple pension providers in the same pay frequency, you will need to update the system pension defaults before producing a report for each pension provider.
Create a NEST scheme
Group
Click System, and click Configuration.
Click Pensions, and then click Group.
Click New, enter a group name.
Click the pension provider dropdown and click NEST.
Click Save.
Payment source
Click System, and click Configuration.
Click Pensions, and then click Payment Source.
Click New, enter a payment source name.
Click the pension provider dropdown and click NEST.
Click Save.
Pension default
Click System, and click Configuration.
Click Pensions, and then click Pension Defaults.
Click Edit, and then click the pension provider dropdown and click NEST.
Enter the payment reference provided by NEST.
🤓Tip: The payment reference will be three letters, followed by nine numbers.
Click the group magnifying glass
icon.Click the required group.
Click the payment group magnifying glass
icon.Click the required payment group.
Click the pension export drop-down, and click the desired export format.
Click Save.
Create NEST pay element
Click System, and then click Pay Elements.
Click New, enter a pay element code.
Click the Type drop-down, and click Deductions.
Enter a quantity of '1.00', and then select the Pension checkbox.
If required, click the Multiple checkbox.
Click the Pension tab, click the pension provider drop-down.
Click NEST.
📌Note: The group and payment source will auto-fill from the system pension defaults set.
Enter the fixed value for Employee and Employer contributions.
Click Save.